Thread: SBA loan
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Quote:
Originally Posted by Shaun 84 Targa View Post
Did find out I can't use my friends as cosigners. If I default, the government pays the bank back, BUT, then comes after the signers on the loan. can't do that. I don't think a loan is going to happen unfortunately.

Just curious....what good would a cosigner be to the bank if they held no recourse to collect from them on a default? Without a P.G. they are just references.
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Old 06-03-2008, 01:25 PM
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